Alphabet Inc. $GOOG Shares Sold by JCIC Asset Management Inc.

Key Points

• JCIC Asset Management cut its Alphabet position by 20.9%, selling 14,467 shares in the third quarter. It still held 54,618 shares valued at $18.6 million, Alphabet’s third-largest portfolio holding.
• Alphabet’s latest quarter included an earnings-per-share miss ($2.12 versus a $3.01 consensus) and slightly lower-than-expected revenue, although revenue rose 24.7% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $413.38; the company also announced a quarterly dividend of $0.22 per share.

JCIC Asset Management Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,618 shares of the information services provider's stock after selling 14,467 shares during the quarter. Alphabet accounts for 7.6% of JCIC Asset Management Inc.'s investment portfolio, making the stock its 3rd biggest holding. JCIC Asset Management Inc.'s holdings in Alphabet were worth $18,611,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Readystate Asset Management LP purchased a new position in shares of Alphabet during the second quarter valued at $45,352,000. BlackRock Inc. lifted its stake in Alphabet by 1.4% in the 2nd quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider's stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares in the last quarter. State Street Corp boosted its position in Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider's stock worth $67,458,980,000 after acquiring an additional 5,208,690 shares during the period. Amundi boosted its position in Alphabet by 22.9% during the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider's stock worth $6,288,654,000 after acquiring an additional 4,083,758 shares during the period. Finally, Deutsche Bank AG grew its stake in Alphabet by 5.6% during the 2nd quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider's stock valued at $6,117,460,000 after acquiring an additional 913,666 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.8%

NASDAQ GOOG traded up $2.19 on Friday, reaching $283.93. The stock had a trading volume of 24,574,811 shares, compared to its average volume of 22,294,856. The business has a 50 day moving average price of $329.78 and a 200 day moving average price of $337.01. The company has a current ratio of 2.79, a quick ratio of 2.69 and a debt-to-equity ratio of 0.19. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.84 and a beta of 1.21.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a return on equity of 43.33% and a net margin of 50.03%. The firm had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period in the previous year, the company earned $2.87 earnings per share. The business's revenue for the quarter was up 24.7% on a year-over-year basis. On average, analysts forecast that Alphabet Inc. will post 19.80 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is presently 4.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GOOG. TD Cowen reiterated a "buy" rating and issued a $460.00 target price (down from $485.00) on shares of Alphabet in a report on Thursday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Alphabet from $425.00 to $375.00 and set an "overweight" rating for the company in a report on Thursday, October 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Thursday, October 15th. Oppenheimer reiterated an "outperform" rating and issued a $400.00 price objective (down from $445.00) on shares of Alphabet in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group set a $450.00 target price on shares of Alphabet in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $413.38.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s Cloud, Gemini, advertising and streaming businesses are showing improving demand, according to market commentary. Reports also cite more than 1 billion Gemini app users and rapid Google Cloud growth, supporting the case that AI can create revenue beyond traditional Search. Article: GOOGL Cloud Momentum Clashes with Google Search Concerns
• Positive Sentiment: Alphabet disclosed a roughly $548 million Qualcomm stake, which could strengthen its AI data-center supply and technology relationships. Article: Alphabet discloses $548 million worth of Qualcomm stake
• Neutral Sentiment: Google acquired Crusoe’s planned Wyoming data-center site as part of a reported $17 billion expansion, with a pledge to cover the facility’s power costs. More capacity could support AI and cloud growth, while the scale of investment and energy needs add to concerns about spending and infrastructure constraints. Article: Google acquires Wyoming data center site from AI infrastructure firm Crusoe
• Neutral Sentiment: Alphabet’s Wing plans to invest up to $125 million in a Texas manufacturing facility, expanding its drone-delivery capacity. It offers longer-term growth potential but is a relatively small, multi-year investment compared with Alphabet’s core businesses. Article: Alphabet's Drone Unit to Invest Up to $125 Million in New Texas Facility
• Negative Sentiment: Investors continue to question whether AI assistants could weaken Search growth and how effectively Alphabet can monetize AI search. Heavy data-center spending also raises concerns about cash flow, electricity availability and potential regulation. Article: Are the Fears Around Alphabet’s Search Slowdown Warranted?
• Negative Sentiment: Several law firms publicized an existing securities class action alleging investor harm during May–July 2026; the claims remain allegations, but the publicity may add a legal overhang. Separately, parents’ claims over an AI chatbot’s alleged role in a student’s suicide attempt raise potential safety and reputational concerns. Article: Google faces claims student used AI chat on US school laptop to plan suicide attempt

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 83 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares in the company, valued at approximately $6,494,424.20. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 247 shares of company stock valued at $79,238. Insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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